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Russian superyacht worth £38m seized in London
A superyacht owned by a Russian businessman has been detained in London as the UK government continues to impose sanctions due to the ongoing war in Ukraine.Transport Secretary Grant Shapps confirmed that on Tuesday, UK officials boarded the vessel named Phi which was situated in Canary Wharf in east London. The superyacht, which was in …
Business
Sky News
P&O refuses last-ditch government offer to halt redundancies as second vessel detained for safety issues
The boss of P&O Ferries has flatly rejected the government’s final plea to halt the process of making nearly 800 of its workers redundant.In a letter to transport minister Grant Shapps on Tuesday, the company said the process was in its final stages with most workers already accepting severance offers, and changing course now would …
Business
Sky News
P&O refuses to halt redundancies as second vessel detained for safety issues
The boss of P&O Ferries has flatly rejected the government’s final plea to halt the process of making nearly 800 of its workers redundant.In a letter to Transport Secretary Grant Shapps on Tuesday, the company said the process was in its final stages with most workers already accepting severance offers, and changing course now would …
Business
Business Live
£100,000 investment to boost footfall at seaside shopping centre
A £100,000 plan to improve Torquay’s Fleet Walk Shopping Centre is underway. Torbay Council bought the freehold of Fleet Walk Shopping Centre in autumn 2019 as part of its plans to regenerate Torbay’s town centres and help boost the local economy. Now, it is investing in a series of work including redecoration of the first …
Business
Business Live
Government’s £685m aerospace boost seen as huge opportunity for South West firms
The Government’s decision to inject £685m into green aerospace research has been described as a “huge potential bonus” for South West manufacturers. Tim Jones, chairman of the South West Business Council (SWBC) has welcomed ministers’ “record” investment into the UK’s aerospace technology research programme, the Aerospace Technology Institute (ATI). He said: “This is a huge …
Business
Business Live
Plans in for £20m development to create almost 100 apartments
Plans have been submitted for a £20m scheme to construct two apartment buildings and create almost 100 flats in Blackpool. A total of 92 homes would be created if the proposals from Coastway Ltd and Headlands Ltd are backed. The New South Promenade project will see two residential developments located along Blackpool’s south shore promenade, …
Business
Business Live
Multi-million pound expansion set to start at Port of Liverpool
A distribution group is set to start a multi-million pound expansion project at the Port of Liverpool next month. Maritime Transport is to increase its based from four acres to ten, with a new storage yard for loaded containers, after it signed an agreement with Peel Ports Group. Construction will start in April and will …
Business
Business Live
Good Energy reports ‘resilient’ results amid energy crisis losses
Green energy firm Good Energy has said the sale of its wind and solar generation assets helped it to navigate the sector’s ongoing crisis, which has seen other suppliers collapse. The Chippenham-based business reported a “resilient” performance during the 12 months ending December 31, 2021, despite pressure from commodity markets and low wind levels. Revenue …
Business
Sky News
Babcock takes flight from aviation emergency arm with sale to Ancala
Babcock International Group, the FTSE-250 government contractor, is in talks to offload the bulk of its emergency aviation services division, which counts Britain’s Air Ambulance fleet among its operations. Sky News has learnt that Babcock is in advanced negotiations with Ancala Partners, a London-based infrastructure investor, about acquiring a substantial chunk of the business it …
Business
Evening Standard
Brexit job losses lower than expected as impact on the City fades, says EY
Business
Sky News
Ukraine, net zero and new technology revive nuclear energy prospects – but don’t expect it to power up for at least 10 years
Last week Boris Johnson met representatives of the nuclear industry at 10 Downing Street to see how the technology could contribute to his Energy Security Strategy.After the PM’s opening remarks, there must have been smiles all round when he said he wanted to see a quarter of the UKs energy coming from nuclear power. That’s …
Business
Sky News
Energy bill spending heads towards highest level since at least the 1950s
We are, the Bank of England governor said on Monday, facing a historic shock to our incomes.In fact, he added, “the shock from energy prices this year will be larger than any single year in the 1970s.” The claim from Andrew Bailey, made at a think tank event in Brussels, is especially striking given the …

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